Trane Technologies plc (TT) to Issue Quarterly Dividend of $1.05 on September 30th

Trane Technologies plc (NYSE:TT) announced a quarterly dividend on Friday, June 5th. Stockholders of record on Friday, September 4th will be paid a dividend of 1.05 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 4th.

Trane Technologies has decreased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Trane Technologies has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Trane Technologies to earn $16.77 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 25.0%.

Trane Technologies Stock Down 1.6%

Shares of NYSE TT opened at $456.51 on Friday. The firm has a market cap of $100.91 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20. Trane Technologies has a 52-week low of $348.06 and a 52-week high of $503.47. The company’s 50-day simple moving average is $458.85 and its 200-day simple moving average is $431.33. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.46.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Friday, May 1st. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.10. The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.81 billion. Trane Technologies had a net margin of 13.41% and a return on equity of 35.55%. Trane Technologies’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.45 earnings per share. Equities analysts predict that Trane Technologies will post 14.88 EPS for the current fiscal year.

Trane Technologies Company Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.